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Consider the balance sheet (in millions of $) for First Integrated Bank: FY 2017 AMOUNT DURATION ASSETS $790 MILLION 7.5 YEARS LIABILITIES $650 MILLION 1.5

Consider the balance sheet (in millions of $) for First Integrated Bank:

FY 2017

AMOUNT DURATION

ASSETS $790 MILLION 7.5 YEARS

LIABILITIES $650 MILLION 1.5 YEARS

What is the FIB's duration gap?

4.9 years

5.4 years

6.0 years

6.7 years

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